Genel Energy PLC (GENL) Stock Rating Reaffirmed by GMP Securities
Genel Energy PLC (LON:GENL)‘s stock had its “speculative buy” rating reiterated by stock analysts at GMP Securities in a research report issued to clients and investors on Monday.
A number of other analysts also recently issued reports on GENL. Barclays PLC lowered their target price on Genel Energy PLC from GBX 90 ($1.14) to GBX 70 ($0.89) and set an “equal weight” rating on the stock in a research report on Friday, March 31st. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 95 ($1.20) target price on shares of Genel Energy PLC in a research report on Tuesday, June 6th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Genel Energy PLC in a research report on Tuesday, February 14th. Jefferies Group LLC lowered their target price on Genel Energy PLC from GBX 76 ($0.96) to GBX 58 ($0.73) and set an “underperform” rating on the stock in a research report on Wednesday, April 5th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 135 ($1.71) target price on shares of Genel Energy PLC in a research report on Monday, April 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 92.22 ($1.17).
Shares of Genel Energy PLC (LON GENL) traded up 0.82% during mid-day trading on Monday, reaching GBX 92.00. The company had a trading volume of 553,736 shares. The firm’s 50-day moving average is GBX 83.37 and its 200 day moving average is GBX 78.04. The company’s market capitalization is GBX 256.48 million. Genel Energy PLC has a 12 month low of GBX 54.50 and a 12 month high of GBX 178.10.
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Genel Energy PLC Company Profile
Genel Energy Plc is a holding company. The Company is engaged in the business of oil and gas exploration and production in the Kurdistan Region of Iraq (KRI). The Company’s segments include Kurdistan and Africa. The Company has interests in approximately two producing fields in the Kurdistan Region of Iraq, Taq Taq and Tawke, with access to local and international markets.
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